Pantera Capital Launches $1.25 Billion Solana SPAC Initiative

Pantera Capital is embarking on a significant initiative: a $1.25 billion special purpose acquisition company (SPAC) dedicated to Solana exposure for institutional investors. This move aims to bring the Solana blockchain and its ecosystem into traditional financial systems, potentially leading to broader adoption and increased liquidity. The SPAC will convert a Nasdaq-listed company into “Solana Co.” This project represents a major shift in how institutional crypto investors engage with Solana, as it provides regulated access without directly owning tokens.